Bermuda amends National Pension Scheme – Update #2

Following our alert of January 2020, providing an update about the amendments to the National Pension Scheme, there is a further update, delaying the relevant sections of the National Pension Scheme (Occupational Pensions) Amendment Act 2019 (“the NPS Amendment Act”) which would otherwise require non-Bermudian employees (unless exempted) to be enrolled in a registered plan.

Related briefings

CIMA announces private funds filing extension

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form in accordance with the Private Funds (Annual Returns) Regulations, 2021 has been extended to 30 September 2021.

Hard deadline for filing 2019 economic substance return upcoming on 30 April 2021

By Charlotte Cloete, Alan Dickson and Philippa Gilkes Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a financial year end between 31 December 2019 – 30 April 2020, must file an economic substance […]

Bermuda – Economic Substance Declaration Filings – Update

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an Economic Substance Declaration Form with the Bermuda Registrar of Companies.

The DITC issues timely compliance reminders

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued reminders to industry of compliance obligations in accordance with Common Reporting Standard (CRS) requirements and for the purposes of foreign account tax compliance (FATCA).

Latest Briefings

Recommended

stacking money

Stock market woes sees Burford’s share price drop to three-year low

Burford Capital’s share price dropped by nearly 10 per cent yesterday, as fears over coronavirus prompted a decline in stock market shares across the globe. Fears over the illness triggered a plummet in shares across the board amid a day of extreme volatility, compounding Burford’s woes further as it continues to grapple with the aftermath […]

Slaughters and Pinsents on call as property giants plot merger

Slaughter and May and Pinsent Masons are acting on a proposed £500m merger between Countrywide and LSL, which would create the UK’s biggest property group. Corporate partner Richard Smith is leading the Slaughters team acting for Countrywide, alongside associate Harry Hecht. Smith is the firm’s client relationship partner for Countrywide, and has acted for the […]

Kennedys

Kennedys ventures into NewLaw with new tech business

Kennedys has launched a separate technology venture to sell digital products, as it eyes big profits in alternative streams of income. The new company, called Kennedys IQ, focuses exclusively on product development and aims to help clients deal with internal legal matters and insurance claims without the need to involve external lawyers. It will trade […]

Find legal roles

Make your next move with The Lawyer Careers. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Whether you're looking at private practice, in-house legal or an exciting business support role, you'll find your future here.

Search vacancies